Page 1648 - Markets News
Indices snap four-session losing streak; Infosys rises over 2%
The Sensex ended the session at 53,424.09, a gain of 581 points or 1.1per cent. In the past four sessions, the Sensex had declined 6 per cent.
 "Indices snap four-session losing streak; Infosys rises over 2%")
Crude oil price spike likely to trigger interest in ethanol programme
According to officials, India has managed to blend almost 9.34 per cent ethanol with petrol in the first quarter of the 2021-22 supply year, which started in December
 "Crude oil price spike likely to trigger interest in ethanol programme")
Selling in bank stocks to continue despite 20% fall since Feb, say analysts
Nomura pointed out that even though the outlook for banks remains positive, a prolonged conflict-like situation would be negative for global growth
 "Selling in bank stocks to continue despite 20% fall since Feb, say analysts")
Investors' wealth jumps over Rs 2.51 trillion as stocks rebound
Sun Pharma the biggest gainer among Sensex firms with a jump of 3.99 per cent, followed by TCS, NTPC, Wipro, Tech Mahindra, Dr Reddy's, UltraTech Cement and Infosys
 "Investors' wealth jumps over Rs 2.51 trillion as stocks rebound")
Sensex leaps 1,163 pts from the day's low, ends 581 pts up; Nifty tops 16K
CLOSING BELL: The winners included Indian Oil Corporation, Sun Pharma, Tata Consumer Products, TCS, Cipla, Shree Cement, NTPC, Tech M, Dr Reddy's Labs, Wipro, Ultratech Cement, and Infosys
 "Sensex leaps 1,163 pts from the day's low, ends 581 pts up; Nifty tops 16K")
Macro headwinds could overshadow state election results on Thursday
Benchmark Sensex has dropped close to 15 per cent from its peak in October 2021.
Ashok Leyland tanks 22% in 1 week on margin concerns; hits 15-month low
The company's raw material costs in Q3 rose to 77.9 per cent of sales, up 120 bps quarter-on-quarter
 "Ashok Leyland tanks 22% in 1 week on margin concerns; hits 15-month low")
Bucking the trend! Nifty IT jumps 2% owing to weaker Re; TCS, Infosys shine
The IT services companies, who make most of their revenues servicing clients in US tend to benefit from a weaker rupee.
 "Bucking the trend! Nifty IT jumps 2% owing to weaker Re; TCS, Infosys shine")
Commodity boom! Hind Copper, NTPC, NMDC to see up to 30% rally
With Nickel, Gold and wheat also hitting multi-year highs like Crude Oil, these five commodity related shares are likely to witness strong gains, indicate charts.
 "Commodity boom! Hind Copper, NTPC, NMDC to see up to 30% rally")
Credit Suisse downgrades India to underweight on soaring crude oil prices
Brent crude of $120 a barrel, Credit Suisse estimates, could add $60 billion to India's import bill. Price rises for gas, coal, edible oils and fertilisers could add another $35 billion.
 "Credit Suisse downgrades India to underweight on soaring crude oil prices")
IGL surges 10% on reports of CNG price hike; MGL rises 8% in choppy market
Reports suggest IGL has announced a hike in prices of compressed natural gas (CNG) in the Delhi-NCR region
 "IGL surges 10% on reports of CNG price hike; MGL rises 8% in choppy market")
Sugar shares in demand; Dhampur, Dwarikesh hit all-time highs
With a favourable mix of ethanol towards B-heavy/juice (feedstock) coupled with higher sugar realisations; operating margins of sugar companies are expected to improve.
 "Sugar shares in demand; Dhampur, Dwarikesh hit all-time highs")
PowerGrid Corporation surges 5%, hits record high in a volatile market
Overall, transmission bidding is likely to gather pace from FY23, which bodes well for PowerGrid Corporation, said Edelweiss in its analyst note.
 "PowerGrid Corporation surges 5%, hits record high in a volatile market")
Natco Pharma gains 9% as firm launches generic version of Revlimid in US
In the past three months, Natco Pharma has outperformed the market by gaining 8 per cent, as compared to 8 per cent decline in the S&P BSE Sensex.
 "Natco Pharma gains 9% as firm launches generic version of Revlimid in US")
Exit polls hand UP to BJP, Punjab to AAP; but are the markets bothered?
The final outcome of UP will be keenly watched, analysts said, as it will pave the way how Bharatiya Janata Party (BJP) approaches and prepares for the general elections in 2024
 "Exit polls hand UP to BJP, Punjab to AAP; but are the markets bothered?")
Market Strategy: Buy on a dip or sell on a rally?
Nifty50 slipped below 16,000-mark on Monday. Is there more pain in store for the markets or should you use the fall to buy? Business Standard spoke to market experts to know their investment strategy
 "Market Strategy: Buy on a dip or sell on a rally?")
Stocks to Watch: Dish TV, Future Group, Dodla Dairy, Metro Brands, Natco
Shares of Future Group related companies may see some action as the company has called for shareholders and creditors meeting to get nod for the proposed Rs 24,713 crore deal with Reliance Retail.
 "Stocks to Watch: Dish TV, Future Group, Dodla Dairy, Metro Brands, Natco")
Foreign portfolio investors accelerate selling as oil prices shoot up
Further selling could test domestic investors' nerves: Analysts
 "Foreign portfolio investors accelerate selling as oil prices shoot up")
Indians can now invest in international stocks through NSE IFSC
Gujarat's Gift City has opened a window for Indians to invest in international stocks. Find out more about NSE's International Financial Service Centre (IFSC) which is allowing trade in US stocks
 "Indians can now invest in international stocks through NSE IFSC")
Markets to consolidate over the next three-six months: Sampath Reddy
Despite the multiple COVID waves, the earnings for FY22 have not seen any significant downgrades and are on-course to deliver about 25 per cent growth
 "Markets to consolidate over the next three-six months: Sampath Reddy")